Nov 2, 2021 - Economy
Snapshot of the IPO frenzy
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With two months still remaining in 2021, U.S. IPOs have already sped past the total number of offerings in any prior full year.
The big picture: The activity was driven by a Q1 boom, especially in SPAC offerings.
- Q3 saw “only” 175 IPOs, well short of the 450 in Q1, but far above a typical quarter historically, according to FactSet data.
The biggest IPO of Q3 was Robinhood Markets, which raised about $2 billion in an offering that valued the company at $32 billion.
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